Posts

Showing posts from July, 2014

Why the Railway Fare Hike is Justified

Image
It is a common sight nowadays for opposition parties to slam the ruling party on every other issue. Recently, it came into bold headlines and front pages that the newly elected BJP government has increased the fare by a staggering 14.2%. At first sight we feel it's unnecessary, really. It is our natural instinct, so if you think same, you're no wrong. But was this change really required? A big yes. In the financial year 2012-13, Railways reported a loss of Rs. 24,600 crores. Railways are the lifeline of the country. If there existed no Railways, imagine the chaos and situation that the same "common man" had to face. Over the last decades, Indian Railways suffered huge losses one after the another- and that too, in thousands of crores. In the financial year 2012-13, Railways reported a total loss of almost Rs. 24,600 crores. Losses upon losses. All because of the ignorance of previous ministers, and their intentions to appease the public. I asked a few officer...